United Microelectronics Corporation (NYSE: UMC) kicked off on June 21, 2022, at the price of $7.79, down -0.13% from the previous trading day. During the day, the shares moved up to $8.055 and dropped to $7.79 before settling in for the closing price of $7.98. Over the past 52 weeks, UMC has traded in a range of $7.49-$12.68.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 7.60%. While this was happening, its average annual earnings per share was recorded 90.90%. With a float of $2.25 billion, this company’s outstanding shares have now reached $2.46 billion.
Considering the fact that the conglomerate employs 19426 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +31.96, operating margin of +21.81, and the pretax margin is +25.03.
United Microelectronics Corporation (UMC) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported $0.28 earnings per share (EPS), higher than consensus estimate (set at $0.22) by $0.06. This company achieved a net margin of +26.19 while generating a return on equity of 21.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 90.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.10% during the next five years compared to 47.80% growth over the previous five years of trading.
United Microelectronics Corporation (NYSE: UMC) Trading Performance Indicators
Take a look at United Microelectronics Corporation’s (UMC) current performance indicators. Last quarter, stock had a quick ratio of 2.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.68. Likewise, its price to free cash flow for the trailing twelve months is 12.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.89, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 0.97 in one year’s time.
Technical Analysis of United Microelectronics Corporation (UMC)
Compared to the last year’s volume of 9.69 million, its volume of 7.09 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.90%. Additionally, its Average True Range was 0.28.
During the past 100 days, United Microelectronics Corporation’s (UMC) raw stochastic average was set at 17.33%, which indicates a significant increase from 14.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.86% in the past 14 days, which was lower than the 43.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.29, while its 200-day Moving Average is $10.05. Nevertheless, the first resistance level for the watch stands at $8.09 in the near term. At $8.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.35. If the price goes on to break the first support level at $7.82, it is likely to go to the next support level at $7.67. Should the price break the second support level, the third support level stands at $7.56.
United Microelectronics Corporation (NYSE: UMC) Key Stats
The company with the Market Capitalisation of 20.67 billion has total of 2,484,600K Shares Outstanding. Its annual sales at the moment are 7,679 M in contrast with the sum of 1,847 M annual income. Company’s last quarter sales were recorded 2,264 M and last quarter income was 707,130 K.